14,939 Shares in Kimberly-Clark Corporation $KMB Acquired by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC acquired 14,939 Kimberly-Clark shares worth approximately $1.665 million during the second quarter. Institutional investors collectively own 76.29% of KMB.
• Analyst sentiment improved, with several firms issuing upgrades or higher price targets, but the stock retains a consensus “Hold” rating and a $117.93 average price target.
• Kimberly-Clark reported quarterly EPS of $1.80, below the $2.01 consensus estimate, while revenue reached $4.19 billion. The company maintained its $1.28 quarterly dividend, equal to a 4.7% yield.

Diversify Advisory Services LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,939 shares of the company's stock, valued at approximately $1,665,000.

A number of other large investors have also added to or reduced their stakes in KMB. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 2nd quarter valued at about $27,000. Godfrey Financial Associates Inc. purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $27,000. Clearstead Trust LLC purchased a new stake in Kimberly-Clark in the second quarter worth $33,000. Finally, Motiv8 Investments LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at $31,000. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research report on Tuesday, August 4th. Piper Sandler reissued an "overweight" rating on shares of Kimberly-Clark in a research note on Wednesday. Barclays raised their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. UBS Group upped their target price on Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Freedom Capital upgraded Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $117.93.

Kimberly-Clark Trading Up 2.0%

NASDAQ:KMB opened at $109.88 on Thursday. The stock has a market cap of $36.54 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 5.13 and a beta of 0.26. The company's 50 day moving average price is $108.61 and its 200-day moving average price is $103.33. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $136.17. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same period last year, the business earned $1.92 earnings per share. The company's quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. Kimberly-Clark's dividend payout ratio is presently 87.07%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

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